Decline in core business revenue and increased provision leads to negative bottom line for Janaki Finance in Q2
Fri, Jan 29, 2021 8:42 AM on Latest, Company Analysis,
Janaki Finance Limited (JFL) reported a net loss of Rs. 3.30 crores in second quarter of FY 2077/2078.
It reported net interest income (core business revenue) of Rs. 5.75 crores in Q2. This is a decrease by 39.87% compared to corresponding quarter of previous year.
The bank has collected deposits of Rs. 2.87 Arba while it has mobilized loans and advances of Rs. 2.15 Arba till Q2 of FY 2077/2078.
Janaki Finance has a paid-up capital of Rs. 60.04 crores and reported Rs. 26.66 crores as reserve & Surplus.
The Earnings per Share (annualized) stood at Rs. -11.01 and net worth per share stands at Rs. 144.41.
Major Highlights:
|
Particulars |
Janaki Finance Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
600,411.10 |
600,411.10 |
0.00% |
|
Reserve & Surplus |
266,651.39 |
203,416.87 |
31.09% |
|
Deposit from Customers |
2,877,184 |
2,330,497 |
23.46% |
|
Loans & Advances |
2,158,356 |
2,161,667 |
-0.15% |
|
Net Interest Income |
57,577.57 |
95,761.14 |
-39.87% |
|
Impairment Charge/(Reversal) for loans |
81,974.97 |
53,934.11 |
- |
|
Operating Profit |
-34,587 |
28,507.75 |
- |
|
Net Profit |
-33,045.80 |
24,458.88 |
- |
|
Capital Adequacy (%) |
25.64% |
30.04% |
- |
|
NPL (%) |
7.93% |
8.57% |
- |
|
Cost of fund (%) |
8.23% |
9.78% |
- |
|
EPS (Rs.) |
-11.01 |
8.15 |
- |
|
Net worth per share (Rs.) |
144.41 |
133.88 |
- |
|
Qtr end PE ratio (Times) |
-23.53 |
- |
- |
|
Qtr End Market Price |
259 |
- |
- |
